Virginia company acquires nuclear fuel provider

LYNCHBURG, Va. (AP) — A Lynchburg-based company that specializes in technology services in the nuclear field has acquired a Tennessee-based nuclear fuel provider.

Officials from The Babcock & Wilcox Company say one of its subsidiaries has completed the acquisition of Nuclear Fuel Services. The company says the move enhances its position to provide nuclear manufacturing and services for government and commercial markets.

Lynchburg-based Babcock & Wilcox employs more than 20,000 people worldwide.

Erwin, Tenn.-based Nuclear Fuel Services operates a fuel production facility to support the U.S. military fleet of nuclear-powered submarines and aircraft carriers. It also converts Cold War-era government stockpiles of uranium into commercial nuclear reactor fuel.